113 County Road 278GillettTX78116
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Gillett at 113 County Road 278, Gillett, TX, 78116 offers a 0% rental yield on a $195,000 purchase with $0/mo rent. 82% in year one. Equity gained on principal adds $1,258/yr while 5% annual appreciation supports $53,875 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $954/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78116, Gillett, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 160 (100%) |
| Owner Occupied HU | 93 (58.1%) |
| Renter Occupied HU | 17 (10.6%) |
| Vacant Housing Units | 50 (31.2%) |
| Median Home Value | $437,069 |
| Average Home Value | $524,301 |
Housing Distribution
Address Breakdown
Residential
107
Single Family
107
Multi-Family
0
Businesses
8
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No similar rental properties found nearby.
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Listed by: Vicky Warrington • JMAT COMPANY, REALTORS
Mls Name: LERA MLS
Mls Provider:
Mls ID: #1897222
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.